Cantor Income Trust prorates redemptions for 10th month; Cliffwater caps Q3 at 5%
Cantor filled 27% of September repurchase requests; Cliffwater capped third-quarter redemptions at 5% while requests reached 16%.
At a glance
Cantor Fitzgerald Income Trust prorated shareholder repurchases for the 10th consecutive month, filling 27% of September requests.
Cliffwater Corporate Lending Fund capped third-quarter repurchases at 5% while requests reached 16%, its second straight prorated quarter.
Stanger reported that credit interval fund redemptions absorbed 79% of gross sales in the third quarter.
Cantor Fitzgerald Income Trust prorated shareholder repurchases for the 10th consecutive month, filling 27% of September requests. The nontraded REIT paid $2.2 million for 106,071 shares on Sept. 30. Its aggregate net asset value rose 6.2% to $463.2 million, according to Daily Network tracking.
Cliffwater Corporate Lending Fund capped third-quarter repurchases at 5% while requests reached 16%, its second straight prorated quarter. The $30.4 billion interval fund told shareholders in a Sept. 3 letter it would fill about one-third of requests.
Stanger reported that credit interval fund redemptions absorbed 79% of gross sales in the third quarter. Tender offer funds grew 9.7% to $136.6 billion, outpacing interval funds' 3.9% rise to $142.0 billion, according to the same report.
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